16 Non-current lease liabilities
2023 | 2022 | |
Balance as at 1 January | 80,182 | 79,524 |
Interest | 2,405 | 2,386 |
Lease payments | (2,201) | (2,125) |
Other movements | 2,606 | 397 |
Balance as at 31 December | 82,992 | 80,182 |
The average discount rate used for discounting the lease payments is 3%.
Land lease obligations undiscounted | 2023 | 2022 |
Year 1 | 2,201 | 2,125 |
Year 2 | 2,201 | 2,125 |
Year 3-5 | 6,602 | 6,375 |
Year > 5 | 96,566 | 94,036 |
Total land lease obligations | 107,570 | 104,661 |